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raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already authorized. and, you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorityies, that e would risk the full faith and credit of the united states, that, i think, is not what the founders intended. that's not how, i think, most americans think our democracy should work. they've got a point of view. democrats in congress have a point of view. they need to sit down and work out a compromise. [ inaudible ] yeah. >> and you're not negotiating on the debt c
raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already...
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Jan 14, 2013
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the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the american people do. now, if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's a debate that we should have. but you don't say in order for me to control my appetites, i'm going to not pay the people who already provided me services. it's not meeting your obligations. you can't do that. that's not a credible way to run this government. we've got to stop lurching from crisis to crisis to crisis when there's this clear path ahead of us that simply requires some discipline, some responsibility, and some compromise. that's where we need to go. that's how this needs to work. majo
the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the american people do. now, if congress wants to have a debate about maybe we...
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Jan 17, 2013
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ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momentum. well, this president/joe bid
ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns...
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Oct 10, 2013
10/13
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ceiling bill to raise the nation's debt limit? >> again, i think, as i've stated at the top, that the president believes that if there's a recognition that we cannot default, that we must ensure that we can continue to pay our bills and, therefore, the congress must raise the debt ceiling, that they ought to do it for longer than a few weeks. but if clean debt limit bill is passed he would likely sign it. again we'd have to see it. we're speaking of a bill that does not at this point exist. and it's not at all clear based on what the speaker said that's what we're going to see. the point is, they don't get anything in exchange for holding the economy hostage, they don't get anything in exchange for doing continued harm to the american people. they ought to -- they could, you know, the meeting i think would go very well indeed if, prior to arriving here, the house republicans put on the floor the continuing resolution already passed by the senate, passed it in the house, and then we would know that the government can reopen and tha
ceiling bill to raise the nation's debt limit? >> again, i think, as i've stated at the top, that the president believes that if there's a recognition that we cannot default, that we must ensure that we can continue to pay our bills and, therefore, the congress must raise the debt ceiling, that they ought to do it for longer than a few weeks. but if clean debt limit bill is passed he would likely sign it. again we'd have to see it. we're speaking of a bill that does not at this point...
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Sep 20, 2013
09/13
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so if we don't raise the debt ceiling, we're deadbeats. if we fail to increase the debt limit, we would send our economy into a tailspin. that's a quote. what i just said. you know who said it? the republican speaker of the house, john boehner. the republican speaker has said if we don't pay our bills, we'll have an economic tailspin. this is not just my opinion. this is everybody's opinion. all right. now, why haven't we already gotten it down if it's such a simple thing? that's -- everybody is nodding, why didn't we already get this done? democrats and some reasonable republicans in congress are willing to raise the debt ceiling and pass a sensible budget. and i want to work with democrats and republicans to do just that, claire mccaskill is ready to do it. [ applause ] congressmanal congressman cle burn is ready to do it. we can get back to focusing on growing this economy and creating jobs, educating our kids, all of the things we've got to do. unfortunately there's a faction on the far right of the republican party right now. it's not
so if we don't raise the debt ceiling, we're deadbeats. if we fail to increase the debt limit, we would send our economy into a tailspin. that's a quote. what i just said. you know who said it? the republican speaker of the house, john boehner. the republican speaker has said if we don't pay our bills, we'll have an economic tailspin. this is not just my opinion. this is everybody's opinion. all right. now, why haven't we already gotten it down if it's such a simple thing? that's -- everybody...
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Jan 16, 2013
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susan collins believes the debt ceiling must be raised. we have seen how the debt ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups who are saying we shouldn't pick a fight when it comes to the debt ceiling. maybe it's better to pick a fight over shutting the government down rather than risking the default of the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it wa
susan collins believes the debt ceiling must be raised. we have seen how the debt ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups...
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Jan 14, 2013
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raising the debt ceiling is not authorized or spending. it allows the country to make spending that congress has already committed to. these are bills that have already been racked up. if congressional republicans refuse to pay america's bills on time, social securities and benefits will be delayed. we may not be able to pay our troops or honor our contracts with small business owners. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire, interest rates would spike for anyone who borrows money. any homeowner with their mortgage, any student with a college loan, any business owner. it would be a self-inflicted wound on the economy. it would slow down our growth. ironically, we would probably increase our deficit. to even entertain the idea of this happening, united states of america not paying its bills is he responsible. we have to pay our bills. they can act irresponsibility and for america through another economic crisis. they will not collect a ransom in exchange for not col
raising the debt ceiling is not authorized or spending. it allows the country to make spending that congress has already committed to. these are bills that have already been racked up. if congressional republicans refuse to pay america's bills on time, social securities and benefits will be delayed. we may not be able to pay our troops or honor our contracts with small business owners. investors around the world will ask if the united states of america is in fact a safe bet. markets could go...
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Jan 17, 2013
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the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we're not going to raise the debt limit, we shouldn't we put into place a balanced budget amendment to the constitution.
the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar....
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Jan 14, 2013
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the nation's debt ceiling, raising the nation's debt ceiling as leverage in getting further spending cuts. john king is here, gloria borger is here with us. both of you stand by. brianna keilar was at the news conference. she's over there at the white house. brianna, the president was very tough in offering his assessment on what needs to be done. >> reporter: that's right, wolf. and he said he will not negotiate on the debt ceiling, the end. he has reiterated that, and this was his chance to come out today and say it yet again. he said today that the united states is not a deadbeat nation. and the point that he was making and i think we'll be hearing a lot more of, and we've heard some of in the past, is that he says this is spending that has already taken place. he used an analogy where he talked about, you go out for a meal at the restaurant and then you don't pay the bill. he's saying this is the equivalent of that. he was asked about the fact that republicans, this really is one of their only cards to play at this point, but he said that it's irresponsible and it's absurd. and h
the nation's debt ceiling, raising the nation's debt ceiling as leverage in getting further spending cuts. john king is here, gloria borger is here with us. both of you stand by. brianna keilar was at the news conference. she's over there at the white house. brianna, the president was very tough in offering his assessment on what needs to be done. >> reporter: that's right, wolf. and he said he will not negotiate on the debt ceiling, the end. he has reiterated that, and this was his...
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Jan 19, 2013
01/13
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they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a difference? will he have to lead differently than he did in the first time? >> he does and i think he has already learned how to. he has shown a learning curving, the way he has framed the debt ceiling debate saying he will not let america be held hostage in these negotiations. that's one of the real key questions of a second term. can you go from lucky or good to good to great, is this. will the president really lead on debt? will he pull a nixon on china when it comes to debt and start leading on entitlement reform? like clinton did on health reform. he has always talked a good game. can he really lea
they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a...
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ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that constant what the platinum coin does is it shows that this is just a you know it's a it's a false narrative it's sort of an artificial constraint in order to keep government from spending too much money but isn't that constrained i mean if you're going to have one person that agrees with you as a former fed official an economist joseph gagnon i've actually interviewed him before he was quoted in washington post saying i like it there is nothing that's obviously economically problematic about it talking about this trilli
ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that...
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Oct 15, 2013
10/13
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debt ceiling until february 7th. can congress learn how to play nice? we'll see, on the left, deborah wasserman schultz, on the right, and suzie orman has more on the finances. >> your actions are bringing down the greatest country in the world. and it is on your shoulder. >> tough words from suze orman. and more on the number one movie, "gravity". >>> and well, he wanted to turn the anniversary of sandy hook, into, i'm quoting, "gun saves lives day." and on let's make a deal in washington, chief correspondent, dana bash, the world's hardest working woman right now. dana, are we nearly there? >> we're getting closer, but i'm definitely not going to predict we're there, because we've seen these things die several deaths before they come back to life. but piers, all day long we were hearing from democratic and republican sources that the republican leader, the democratic leader, i watched them go back and forth to each other's offices and they do appear to have a framework of a deal. what is it? it is effectively to fu
debt ceiling until february 7th. can congress learn how to play nice? we'll see, on the left, deborah wasserman schultz, on the right, and suzie orman has more on the finances. >> your actions are bringing down the greatest country in the world. and it is on your shoulder. >> tough words from suze orman. and more on the number one movie, "gravity". >>> and well, he wanted to turn the anniversary of sandy hook, into, i'm quoting, "gun saves lives day."...
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>> because there was no imminent threat of the debt ceiling not being raised, right? these were protest vote ofs, as opposed to organized efforts -- >> neil: i don't know. i covered at the time. that was a close call. that was a close call. every prominent democrat voted to stop it. you are right nretrospect tdidn't happen and like the prior incidents, it never happened. but i just worry about giving a president of either party cart blanch authority to go ahead and raise the debt ceiling t. does take away, what little incentive and back bone there is to show a back bone, doesn't it? >> i don't agree. neil, i have a lot of respect for you and this show. i just don't agree with you. what i wish would happen right now, let paul ryan -- the republicans are in control of the house. they have a budget committee chairman who is nationally regarded, vice-president of the republican party. let him hold hearings, engage the american people, pass a budget, challenge the democrats to meet him halfway -- >> neil: i am not saying -- [overlapping dialogue] >> neil: but they do come
>> because there was no imminent threat of the debt ceiling not being raised, right? these were protest vote ofs, as opposed to organized efforts -- >> neil: i don't know. i covered at the time. that was a close call. that was a close call. every prominent democrat voted to stop it. you are right nretrospect tdidn't happen and like the prior incidents, it never happened. but i just worry about giving a president of either party cart blanch authority to go ahead and raise the debt...
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Jan 21, 2013
01/13
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 15, 2013
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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the debt ceiling. we will look at that reality check at 6:00, good night. >>> on our broadcast tonight, how late is too late to get a flu shot, especially as this flu now takes its toll across the country? tonight, a status report and the doctors' advice. >>> the apology from lance armstrong. he says he's sorry. he has apologized to the charity he formed. but what exactly is he admitting after a decade of denials. joining forces in the fight over guns one month to the day now since the tragedy in newtown. parents of the victims come together to deliver a powerful message. >>> and fighting back against the food police. a big name enters the fray over sugary drinks and the obesity crisis in this country. >>> and the big talk today about last night in hollywood. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. a lot of folks spent this
the debt ceiling. we will look at that reality check at 6:00, good night. >>> on our broadcast tonight, how late is too late to get a flu shot, especially as this flu now takes its toll across the country? tonight, a status report and the doctors' advice. >>> the apology from lance armstrong. he says he's sorry. he has apologized to the charity he formed. but what exactly is he admitting after a decade of denials. joining forces in the fight over guns one month to the day now...
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Jan 25, 2013
01/13
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and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's economy is going backwards. instead of managing government, it's time to address how we can make america to please her she can once again become the land of upper charity, a place of opportunity. we should put all of our eggs in that basket conservatives and republicans. research any folks in washington d.c. to devote themselves from taking america so for the lechery cannot give back. we must do all we can to stop what is rapidly becoming the bankrupting of our federal government. we as conservatives must dedicate energy and efforts to bring america, to showing the younger generation south american in th
and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's...
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Jan 23, 2013
01/13
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in that context, then, i'm willing to raise the debt ceiling if one or two things happens. first, the constitutional amendment must pass the united states congress and sent to the people. >> that could happen. >> certainly may not happen if we don't try, the second is, substantial spending cuts. >> according to john boehner that is not going to happen either. >> a sincere effort of trying to address the problem, the trillion dollar a year deficits are unsustainable. >> we get that from republicans, i'm trying to get at what has happened within the republican congress in the house such that the day after the inauguration, the republican leadership is saying let's not raise the debt ceiling? let's pretend we simply do not have one. and do that for a period of months. is that -- is that thing going to get the votes? that is the question that luke russert asked. >> i am not on the whip team, i can't give you a firm answer. there will be no votes from republicans and yes votes, i have no idea. >> that is the question, should they vote for this thing, which by the way contains so
in that context, then, i'm willing to raise the debt ceiling if one or two things happens. first, the constitutional amendment must pass the united states congress and sent to the people. >> that could happen. >> certainly may not happen if we don't try, the second is, substantial spending cuts. >> according to john boehner that is not going to happen either. >> a sincere effort of trying to address the problem, the trillion dollar a year deficits are unsustainable....
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet? markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage, every student with a college loan, every small business owner wh
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills...
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Jan 22, 2013
01/13
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debt ceiling. you saw pete sessions, the rules committee chairman, filing that rule on the house floor a moment ago. they met this afternoon to discuss the flan which would require both chambers of commerce to pass a budget plan by april 15 or have their salaries withheld. the debt at $16.4 trillion. the meeting is an hour and 20 minutes. >> i want to welcome our -- three of our four witnesses that are here. it's always a fun thing to see a star of the show, everybody wants to get their autograph. mr. chairman, welcome to the rules committee. we're delighted that you're here today to discuss h.r. 325, a very important bill. and i noticed the former chairman of the committee, the ranking member, is here. we also welcome her testimony that will begin. we'll give mr. brady a chance to get here, but the chairwoman, the head of the house administration committee, the gentlewoman from michigan, and delighted that you are here. as always, the rules committee is delighted that you've taken time, both we we
debt ceiling. you saw pete sessions, the rules committee chairman, filing that rule on the house floor a moment ago. they met this afternoon to discuss the flan which would require both chambers of commerce to pass a budget plan by april 15 or have their salaries withheld. the debt at $16.4 trillion. the meeting is an hour and 20 minutes. >> i want to welcome our -- three of our four witnesses that are here. it's always a fun thing to see a star of the show, everybody wants to get their...
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Jan 15, 2013
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. >>> there are answers for renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of federal reserve officials speaking out about the economy today. the dow rising 18 points in yesterday's trade and nasdaq slipping eight to close at 3117. here's our top story. treasury secretary tim geithner is calling on congress to raise the debt ceiling. in a letter to lawmakers geithner says it could cause harm to the u.s. economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy
. >>> there are answers for renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of...